Carbon Markets Association of India - CMAI

What Carbon Markets Association of India - CMAI does

The Carbon Markets Association of India (CMAI) is a non-governmental, not-for-profit, industry-led organization founded in 2022 and headquartered in New Delhi. It works to accelerate India's Net Zero Transition by convening government, industry, and civil society stakeholders around carbon market development, policy advocacy, and capacity building. CMAI claims to have supported over 3,500 projects resulting in 220 million tons of GHG emission reductions, and works directly with key central ministries including MOEFCC, Ministry of Power, MNRE, NITI Aayog, and CPCB. It is a committee member on the Carbon Credit Trading Scheme (CCTS), Green Credit Programme (GCP), EPR guidelines under Plastic Waste Management Rules, Ecomark Rules, and MoEFCC's Mangroves and Wetlands Program.

CMAI's core offerings fall into three buckets: carbon project consultancy (project design, validation, verification, and registration support); policy advocacy and knowledge partnerships (policy recommendations portal, government engagement, international climate negotiation participation including COP29 Baku and Article 6.2/6.4/6.8 discussions); and capacity building programs (workshops, site visits, roundtables, and the India Climate Week and India Climate Samman events). Beyond carbon markets, it operates three additional initiative verticals: the SAF Association, India Clean Cooking Alliance, and Climate Law Association. It also holds an MoU with IIT Kharagpur for low-carbon industrial solutions research and engages with multilateral bodies such as the Global Biofuel Alliance and International Solar Alliance.

CMAI's revenue model is built on membership fees from corporate and institutional members, event registration and sponsorship revenue (India Climate Week, Carbon Policy Development Conclave, COP delegations), and consultancy/advisory services delivered to government and industry stakeholders. The organization operates with approximately 10 employees and markets primarily through its website, social channels (LinkedIn, X, YouTube, Instagram), policy events, and direct government engagement rather than conventional commercial marketing. It does not publish pricing or financial information, and its revenue figures are not publicly disclosed.

Name

Carbon Markets Association of India - CMAI

Legal name

Carbon Markets Association of India

Website

https://cma-india.in

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

CMAI is a New Delhi-based, non-profit industry association founded in 2022 that convenes Indian government, industry, and civil society to develop carbon market policy and support India's Net Zero transition, generating revenue through memberships, events, and advisory services.

Ownership category

akta.pro rank

Product category

Carbon Market Advisory & Climate Policy Services

NAICS

Business Associations (813910)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Climate Finance, Carbon Markets & MRV Systems (BPADALAB)

akta.pro secondary industries

Decarbonization Strategy & Marginal Abatement Cost Curve (MACC) Advisory (EUABAKAC), Carbon Claims, Labeling & Communications Advisory (VCMI/ICVCM Guidance, Claim Substantiation) (EUABADAI), Supplier Engagement & Value-Chain Decarbonization Programs (EUABAKAE)

Keywords

• Carbon market development
• Climate policy advocacy
• Carbon credit advisory
• Net zero transition
• Sustainability consulting

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Membership Fees: CMAI operates as a not-for-profit, industry-led organization generating revenue through membership fees from companies, industries, and stakeholders participating in India's carbon market ecosystem.
2. Event Registration and Sponsorships: Revenue generation from organizing events such as India Climate Week, COP participation, policy conclaves, and capacity building workshops.
3. Consultancy and Advisory Services: Policy advocacy and knowledge support services provided to government ministries and industry stakeholders, including capacity building workshops and site visits.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

Carbon Markets Association of India (CMAI) is a non-governmental, not-for-profit, industry-led association that provides carbon market consultancy, policy advocacy, and capacity building services to advance India's Net Zero transition. The organization facilitates collaboration among government ministries, industries, MSMEs, farmers, and civil society, while supporting the implementation of India's Carbon Credit Trading Scheme (CCTS) and Green Credit Programme (GCP). It generates revenue through membership fees, event registrations, sponsorships, and advisory engagements.

Product overview

The Carbon Markets Association of India (CMAI) is a non-governmental, not-for-profit, industry-led organization that serves as a central hub for carbon market development in India. The organization offers a comprehensive suite of services including carbon project consultancy, policy advocacy, and capacity building programs. CMAI manages several initiatives including the SAF Association, India Clean Cooking Alliance, and Climate Law Association. The association provides membership services with quarterly meetings and expert committees, and organizes events like India Climate Week and India Climate Samman. CMAI works closely with government ministries including MOEFCC, Ministry of Power, MNRE, and NITI Aayog to support the Carbon Credit Trading Scheme and Green Credit Programme implementation.

Differentiator

Problem solved

Functional benefit

Products and services

• CMAI Membership Program Membership offering for enterprises, MSMEs, and other organizations providing quarterly executive and managing committee meetings, direct government interactions, policy advocacy participation, expert committee formation, and access to CMAI's stakeholder network.
• Carbon Project Consultancy Advisory service for developing carbon credit projects covering project design, validation, verification, and registration under various carbon standards, targeted at industries, MSMEs, and project developers.
• Policy Advocacy Services Policy advocacy and representation to government ministries and regulatory bodies including MOEFCC, Ministry of Power, MNRE, and NITI Aayog, aimed at influencing carbon market and sustainability regulatory frameworks.
• Capacity Building & Training Programs Workshops, seminars, webinars, roundtables, and site visits offered to members and industry stakeholders for upskilling on carbon markets, emissions reduction, and climate action topics.
• Carbon Credit Trading Scheme (CCTS) Support Technical and knowledge advisory support for implementation of India's Carbon Credit Trading Scheme, provided to government bodies, industry stakeholders, and project developers.
• Green Credit Programme (GCP) Advisory Advisory and knowledge support for the implementation of India's Green Credit Programme, including stakeholder consultation, market-based mechanism design, and alignment with global standards.

Quantifiable outcome

• 220 million tons GHG emission reduction across 3,500+ supported projects

Named customers10 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

15 partnerships are on record, tiered core, flagship and minor.

• Global Biofuel AlliancecoreStrategic or Co-development Partner · 1 January 2024CMAI participated in panel discussion organized by Global Biofuel Alliance at COP29 Baku, contributing to international biofuel and energy transition discussions.
• International Solar AlliancecoreStrategic or Co-development Partner · 1 January 2024CMAI participated in panel discussion organized by International Solar Alliance at COP29 Baku, supporting solar energy and climate action collaboration.
• Ministry of Environment, Forest and Climate Change (MOEFCC)coreStrategic or Co-development PartnerCMAI works closely with MOEFCC providing policy advocacy and knowledge support. Active involvement in Carbon Credit Trading Scheme (CCTS) implementation, Green Credit Programme (GCP), and committee member for MoEFCC's Mangroves and Wetlands Program.
• Ministry of Power (MoP)coreStrategic or Co-development PartnerCMAI engages with Ministry of Power for policy discussions and collaboration on India's power sector decarbonization and net zero transition.
• Ministry of New and Renewable Energy (MNRE)coreStrategic or Co-development PartnerCMAI serves as knowledge partner with MNRE during national workshops on carbon markets, providing expertise for renewable energy and carbon market alignment.
• NITI AayogcoreStrategic or Co-development PartnerCMAI collaborates with NITI Aayog for policy development and strategic planning for India's transition to net zero future.
• Central Pollution Control Board (CPCB)coreStrategic or Co-development PartnerCMAI is stakeholder committee member for ecomark rules at CPCB advocating industry voice, and committee member for implementation of Extended Producer Responsibility (EPR) guidelines under Plastic Waste Management Rules.
• IIT KharagpurflagshipStrategic or Co-development PartnerMoU signed with IIT KGP to accelerate development of low-carbon industrial solutions in India, combining academic research with industry implementation.
• Indian Oil Corporation LtdcoreStrategic or Co-development PartnerCapacity building workshop conducted with Indian Oil Corporation Ltd to upskill members and provide hands-on training through site visits.
• Ministry of RailwaycoreStrategic or Co-development PartnerCMAI serves as knowledge partner with Ministry of Railway for sustainability and decarbonization initiatives in the railway sector.
• Ministry of AgriculturecoreStrategic or Co-development PartnerCollaboration with Ministry of Agriculture for agricultural sustainability and carbon market participation by farmers.
• State Water and Sanitation Mission, UPminorStrategic or Co-development PartnerKnowledge partnership for water and sanitation sustainability initiatives in Uttar Pradesh.
• SAF AssociationcoreStrategic or Co-development PartnerCMAI champions SAF (Sustainable Aviation Fuel) Association as part of broader decarbonization initiatives beyond carbon markets.
• India Clean Cooking AlliancecoreStrategic or Co-development PartnerCMAI leads India Clean Cooking Alliance as part of climate action and sustainability initiatives.
• Climate Law AssociationcoreStrategic or Co-development PartnerCMAI champions Climate Law Association for legal frameworks supporting climate action and carbon markets.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Verra: Operator of major carbon credit standards (VCS). Comparable in carbon market ecosystem role through standards-setting and project registration versus CMAI's policy advocacy focus, with much larger global project pipeline.
• CDP (Carbon Disclosure Project): Global non-profit running the major corporate climate and carbon disclosure platform. Comparable in non-profit carbon ecosystem role, though focused on disclosure data rather than policy advocacy like CMAI.
• World Business Council for Sustainable Development (WBCSD): Global CEO-led association advocating for business action on climate and sustainability. Comparable as an industry-led convening body influencing climate policy, though with a global remit versus CMAI's India focus.
• Federation of Indian Chambers of Commerce & Industry (FICCI): Major Indian industry body with active climate and sustainability committees engaging MOEFCC and NITI Aayog. Comparable convening role to CMAI but at substantially greater scale across multiple sectors.
• Confederation of Indian Industry (CII): India's largest industry chamber with significant sustainability and climate policy programs. Overlaps with CMAI on climate advocacy but serves a much broader industrial agenda and has deeper institutional resources.
• C40 Cities Climate Leadership Group: Global network of cities addressing climate change. Comparable convening and policy-advocacy model but focused on municipal climate action rather than national carbon market frameworks like CMAI.

Direct peers

• The Energy and Resources Institute (TERI): India-based research and policy think tank working on climate change, energy, and sustainability with deep government engagement. Comparable to CMAI in policy advocacy and knowledge support functions for India's net-zero transition.
• Voluntary Carbon Market Integrity Council (VCMI): Multi-stakeholder initiative providing guidance on voluntary carbon market claims and integrity. Comparable in setting credibility frameworks for carbon markets, though global and voluntary-market focused versus CMAI's compliance and India emphasis.
• International Emissions Trading Association (IETA): Global industry association for emissions trading markets, closely comparable to CMAI as a membership-based body providing policy advocacy, capacity building, and convening services around carbon markets — operating internationally versus CMAI's India focus.
• Carbon Market Watch: Specialized NGO focused on carbon market policy integrity and oversight. Comparable in carbon-market-specific advocacy niche but focused on European/global markets rather than India's emerging framework.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/official_cmai
• YouTubeyoutube.com/@OfficialCMAI
• LinkedInlinkedin.com/company/carbon-markets-association-of-india
• Instagraminstagram.com/cmai_carbonmarkets

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Carbon Markets Association of India - CMAI